Sales at five major department stores increased in October at two companies for the first time in a year and a month

Sales at five major department stores increased in October at two companies for the first time in a year and a month at 8:33 p.m. on November 2nd.

Last month’s sales of five major department stores increased for the first time in a year and a month, as a result of a rebound in the consumption tax hike in October last year.
According to last month’s preliminary figures released by five major department stores, “Soo Seibu” increased by 6.3% and “Takashimaya” by 2.7%, respectively, compared to the same month last year.

This was due to a rebound in sales due to the consumption tax hike in October last year, and it is the first time in a year and a month that sales have turned to an increase.

On the other hand, although sales decreased by 0.6% for Mitsukoshi Isetan Holdings, 2.8% for Hankyu Hanshin Department Store, and 6.2% for J. Front Retailing, which develops Daimaru and Matsuzakaya, the decline was significantly smaller than in September, when sales fell by more than 30% due to the new Coronavirus.

One of the department store representatives said, “In addition to favorable demand for food and kitchenware due to ‘nest demand’, events such as product exhibitions have resumed, and the number of customers is gradually returning.”